Crypto is mooning

Hello and welcome to Alts Cafe

This is a quick-fire look at what’s driving your alts week.

What’s on deck today:

  • Equities are so hot right now
  • Real estate is looking at a 1980s-style housing recession
  • The vultures are coming for your startup
  • Is there a private credit bubble?
  • Ethereum is mooning

Macro View

It was another big week for the markets, but some key prints are coming out over the next few days.

Bullish News

Bearish News

Forecasts

Get $25 to play around with invest on Kalshi using this link.

📉

1%

​Chance of Fed hikes rates in November​

📈

91%

​Chance credit card defaults will rise in Q3​

📉

2.34%

​National average house price increase in 2023​

What are we doing?

​ALTS 1​ Fund news:

In the final stages of a major art acquisition.

Real Estate

Bullish News

  • The largest commercial property brokerages are saying the market has hit a ​bottom​. “We think we are at the bottom, and we think it’s only going to get better,” Newmark CEO Barry Gosin told shareholders during the New York-based company’s earnings call. “The question is how much better.”
  • The most popular destination for people looking to move ​overseas​ was Canada, followed by Japan and Spain.

Bearish News

  • Wells Fargo ​predicts​ a 1980s-style housing recession and persistent 8% mortgage rates.
  • WeWork, which has gone WeBroke, canceled all its leases in ​Seattle​, ​NYC​, and the ​Bay Area​.
    • And the bankrupt company has $100 million ​unpaid​ rent.
  • Workers will likely spend 20% to 25% less time in the office than before the pandemic, according to the head of CBRE.
    • And “We thought values may come down 15%, 20%. We now think that may be another 10%,” Sulentic said.
  • Briefcase comes with a ​sobering​ overview of real estate’s impact on climate change.
  • American property taxes are ​going up​.
  • Britain’s buy to let bubble has ​burst​.

How to invest in real estate right now:

Don’t

Startups

Bullish News

  • A new breed of sort-of PE funds are raising cash to ​hoover​ up startups left bereft by VCs.
  • OpenAI is much more ​vulnerable​ to challengers than most people think.
  • ​BNPL​ companies Klarna and Affirm both had good weeks.
  • Three different $100 million + crypto VC funds ​launched​ last week:
    • LightSpeed Faction announced a new $285M crypto fund.
    • Standard Chartered’s SC Venture and SBI Holdings announced they’re investing $100M into crypto startups.
    • Maven announced it’s raising another $100M fund (and it’s already raised more than a third of the funds so far).

Bearish News

  • The tech industry has seen nearly a quarter million ​layoffs​ in 2023.

How to invest in startups right now:

Buy distressed startups.

Private Equity and Private Credit

Bullish News

  • PAI Partners has completed fundraising for its eighth main buyout vehicle, ​raising​ over $7 billion.

Bearish News

  • Is a private credit bubble ​brewing​? FT thinks so.
  • PE shops, struggling to retain junior talent, are ​showering​ them with pay rises and big perks.
  • Private equity investors needing ​liquidity​ are being forced to get creative with an uncommon type of deal – midlife co-investments.

How to invest in PE and Private Credit right now:

Either go long or short private credit.

Crypto & NFTs

Here’s what you need to know:

It’s getting frothy.

Wen moon? Now moon.

NFTs are now up 13% YTD.

Bullish News

  • ETH hit $2k for the first time in ten months off the back of news ​BlackRock is launching an Ethereum ETF.​
  • Three different $100 million + crypto VC funds ​launched​ last week:
    • LightSpeed Faction announced a new $285M crypto fund.
    • Standard Chartered’s SC Venture and SBI Holdings announced they’re investing $100M into crypto startups.
    • Maven announced it’s raising another $100M fund (and it’s already raised more than a third of the funds so far).
  • Last week, “​Gordon Goner​,” co-founder of Yuga Labs, bought around $1.5 million worth of NFTs.
  • Remember ​Sandbox​? They’re launching a new cinematic-themed neighborhood where buyers of virtual land can build immersive experiences alongside famous Hollywood brands like “The Walking Dead,” “Black Mirror” and “Peaky Blinders.”
  • Microstrategy is sitting on $1 Billion ​unrealised​ Bitcoin profit.

Bearish News

How to invest in Crypto & NFTs right now:

It’s accumulation season.

That’s all for this week

Cheers,

Wyatt

Disclosures

Share

Author

Wyatt Cavalier

Wyatt Cavalier

With a background in finance & intelligence analysis, Wyatt has an unhealthy obsession with finding the best blue chip investment opportunities. His previous newsletter, Fractional, resonated deeply with subscribers, bringing actionable insights and unconventional trading strategies. His rare book collection specializes in banned editions. He currently lives in Spain with his beautiful wife, three young boys, and dog Monty.

Related Posts

bullish

Jim Cramer is bullish on BTC

The Fed will probably/maybe hold rates steady in December, What do Detroit and Saudi Arabia have in common, Signs of weakness in the AI startup community may open the door to competition, and Jim Cramer is bullish on BTC.

inverse cramer

Inverse Cramer Weekly Update — Dec 3

Man that stock goes down every day, you know why, because it used to go up every day. I think this is a good level to start buying Walmart, I think the quarter was not as nearly bad, they are keeping the prices lower. But Costco is better, I love shopping in Walmart with my daughter. But Costco and the wife, two thumbs up -On Walmart (​$WMT​)

egypt

An Unlikely Contender for Economic Success?

Egypt: An Unlikely Contender for Economic Success, Shein Eyes IPO: The Fast-Fashion Behemoth’s Next Big Step, Surpassing Forecasts: NVIDIA’s Remarkable Q3 Growth, & More.

Let’s buy some Saudi art

The curse of optionality, Fake people, real money, The fall and rise of Saudi Arabian art, Market timing doesn’t work, and RIP Charlie.

Recently Published

Unique investment ideas worth exploring

Our newsletter is everything. Start here.

    Join thousands of subscribers.
    Absolutely spam-free.

    Curious about investing in Crypto?

    Crypto doesn't have to be confusing. We explain it like you're 12 years old.


    Join the club. Start here.

      Join thousands of subscribers.
      Absolutely spam-free.